What Happened When Alex Kenjeev Paid His Student Loan in Cash
What's a Realistic Retirement Age?
MBIA (NYSE: MBI) closed at $34.60 Wednesday.
MBI announced on Dec. 10 it will raise up to $1 billion of capital through an investment by Warburg Pincus. Warburg will also purchase $500 million of MBI common stock and support a shareholder rights offering of up to another $500 million. MBI estimates it will incur a case loss reserve of $500 to $800 million in Q4. Fitch is expected to release a review of MBI's credit standing soon. MBI December 30 straddle is at $4.30. MBI January option implied volatility of 111 is above its 26-week average of 63 according to Track Data, suggesting larger price fluctuations.
AMBAC Financial (NYSE: ABK), a provider of financial insurance-guarantee products, closed at $24.87 Wednesday.
Fitch is expected to release a review of ABK's credit standing soon. ABK January option implied volatility of 131 is above its 26-week average of 66 according to Track Data, suggesting larger risk.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
